Michael Jøker Nielsen Holding ApS — Credit Rating and Financial Key Figures

Michael Jøker Nielsen Holding ApS (CVR number: 42231568) is a company from VEJEN. The company recorded a gross profit of -6.2 kDKK in 2023. The operating profit was -6.2 kDKK, while net earnings were -24.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak but Return on Equity (ROE) was -6.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -0 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Michael Jøker Nielsen Holding ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.